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Good morning Launch Key 🚀 community!

Boomer businesses are for sale and as the kids say, the math ain’t mathin.

64% of all small businesses on the planet, are owned by people over 55. And there simply aren’t enough buyers.

It’s been 6 months since we covered the topic of Buy vs. Build.

Let’s dive back into it.

Comment below and let me know if we’re on the right track.

Table of Contents

• Pull to Eject

  • Resources for Buyers

• Modern Tools

• Old School Wisdom

• Free Knowledge

• Recommendations

• Visual Crapshoot

Pull to Eject

You can’t ignore facts: the current business cycle is challenging.

• Everything is more expensive.

• There’s an unprecedented labor shortage.

• And regulatory overreach is stifling … and growing.

Entrepreneurs need to survive both good times and hard times.

Know where we are in the cycle.

But hard times don't last forever. And sometimes the best opportunities are found during hard times.

Buying a Boomer business might be just that ticket today.

These businesses are often rooted in a local community: hardware stores, laundry mats, auto shops, restaurants, electrical or plumbing businesses, and local retail.

Typically well-established – an existing business also has knowledgeable staff, intellectual property and a solid customer base.

Foundational business stability that can turn an acquisition into the possibility of generational wealth.

Resources for Buyers

The Silver Tsunami is not just about managing the healthcare of an aging population.

Millions of small businesses need next generation leaders. And the majority don’t have a succession plan. Consultants have risen to the challenge.

Codie Sanchez is one of the pioneers.

She has been buying local businesses since 2012 and found her niche helping others do the same. She is on a “mission to help 1 million people become financially and philosophically free.”

Her Contrarian Thinking newsletter has over 700,000 subscribers and she’s publishing a book.

Outsiders see things differently.

New blood in a small business ignites potential innovation. From experience to contacts to modern software ideas, a new owner is more likely to mix things up and reinvigorate an established business.

In many cases, the innovation bar is low.

This AFP (Association for Financial Professionals) article is a little dated, but at survey time, 86% of companies were still paying bills with paper checks.

And the government actually has a solution that helps.

It’s now possible to buy a portion of a business using SBA loans. This gives buyers the option to put down less, and the potential to keep intellectual property of owners who are willing to reduce their stake on a path to retirement.

Based on emailed comments from the Pig in a Python issue, I created a buyer resources PDF complete with research and links to help you Buy then Scale.

There are no participation trophies for wantrepreneurs.

What’s for sale in your town?

Now go launch something 🚀 

Modern Tools

Are you interested in finding an existing online business?

Empire Flippers has helped sell more than $450 million of those.

They have global listings and have a solid reputation on both sides of an acquisition. They’ve won International Business Brokers Association as well as multiple Inc. 5000 Fastest-Growing Companies awards.

Old School Wisdom

There’s timeless knowledge in this little paperback.

Real life examples taken from 50 years of interviews with Fortune 500 leaders like Jack Welch, John Reed and Jacques Nasser.

There is no such thing as a mature business when you create a culture of change.

Free Knowledge

Two examples of newsletters that share insight and example listings of small and medium businesses for sale.

Helen Guo adds YouTube interviews for case study details of successful acquisitions.

Recommendations

🛠️ Startup Hustle Newsletter : Weekly tips and stories for entrepreneurs and startup leaders from Matt Watson and Startup Hustle podcast guests

🌟 Creator Spotlight : Interviews and Creator Economy success stories every Friday.

💪 Dealroom : Learn directly from billionaire entrepreneurs on how to grow a business.

🧠 Seven Deadly Stupidities : This newsletter will help improve your decision making by removing bias, unnecessary information, and emotion from your process.

🏆 IDiyas : Weekly patent newsletter highlighting the most prolific inventors, engineers, executives and entrepreneurs.

🤖 Agent AI Newsletter : Join 40,000+ others and learn how to use Agent AI to grow your career or business.

💬 Intent : Helping tech talent become more intentional with their career

Learn from investing legends.

Warren Buffett reads for 8 hours a day. What if you only have 5 minutes a day? Then, read Value Investor Daily. We scour the portfolios of top value investors and bring you all their best ideas.

Subscribe with one click.

Visual Crapshoot